FinanceMagnates
This narrow sea lane in the Gulf region is a route through which a fifth of the world’s oil and liquefied natural gas (LNG) flows, feeding a large part of the global economy. The northern side is controlled by Iran.As of 2023, 20% of the world’s liquefied natural gas and 25% of seaborne oil trade passes through the Strait…
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Critical Moment for Oil: EU Warns about Hormuz
FM Contributors
02:19
This narrow sea lane in the Gulf region is a route through which a fifth of the world’s oil and liquefied natural gas (LNG) flows, feeding a large part of the global economy. The northern side is controlled by Iran.As of 2023, 20% of the world’s liquefied natural gas and 25% of seaborne oil trade
